About this Book

Cover -- State and Capital in Independent India -- Title -- Copyright -- Dedication -- Contents -- Figures -- Tables -- Acknowledgements -- 1 Introduction -- 2 Globalization and Neoliberalism: The Context and the Debate -- 2.1 State and capital in the 'globalization' theses -- 2.2 The 'faulty shell': The economics of neoliberalism -- 2.3 The convergence of 'reforms' as 'globalization' and 'deregulation' in India -- 2.4 Context of neoclassical rationale in India -- 2.5 Five propositions on the Indian transition -- 3 State and Capital in Independent India: The Problematic -- 3.1 Culturalism, ascent of neoliberalism and 'monoeconomics' -- 3.2 The problematic of state and capital in India -- 3.3 Formulating a methodological paradigm -- 3.4 Sources and data -- 3.5 Considerations around time and territoriality -- 4 Policy Regimes and Macroeconomic Outcomes: 1947-1966 -- 4.1 The consensus on state-led capitalist development -- 4.2 Liberalism of state policy: 1947-1956 -- 4.3 Macroeconomic policy -- 4.4 Indicative planning: 1956-1966 -- 4.5 Political economy of indicative planning -- 4.6 Fiscal policy and public sector -- 4.7 Outcomes of indicative planning -- 4.8 The contradictions of indicative planning -- 4.9 Foreign capital in India and Indian capital's early ventures abroad -- 5 Institutionalization of the Regime of Capital in India: 1947-1966 -- 5.1 Mercantile basis of Indian capitalism -- 5.2 Caste and patriarchy in the class basis of the agrarian constraint -- 5.3 Patriarchy, religion and capitalism: HUF and the unit of organization of capital -- 5.4 Capital, labour and state: Institutionalization of wage depression -- 6 Continuity and Change in Capital Accumulation: 1966-1980 -- 6.1 Structural changes in output and investment -- 6.2 Trends in investment and growth: Manufacturing and trade -- 6.3 The class limit to state intervention.